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Sep 8, 2010 1:00am PDT
from joining rival oracle. hurd was hired there yesterday. now, the lawsuit claims hurd could use what he knows about h- p and its trade secrets to help oracle and harm h-p. hurd signed a confidentiality agreement as part of his $40 million severance package with h-p. no comment from hurd or oracle. and the s.e.c. may impose new rules on high frequency traders after may's "flash crash." chairman mary schapiro says her agency is taking a close look at large numbers of rapid-fire trades made on may 6. speaking to a group of business leaders in new york, she said a final report will be completed by the end of this month. >> tom: still ahead, tonight's "word on the street" is "innovation." we'll look at three firms outside the tech world making a profit by innovating. here's a hint-- one is the largest employer in america. >> susie: in state capitals and city halls across the country, major budget battles are underway. tax revenues continue plummeting as property values remain low, unemployment is high, and consumers aren't shopping. all week, we're looking at how state and local gove
Sep 8, 2010 4:30am EDT
contractor.on monday oracle hired hurd as a co-president he barely had time to celebrate before he was sued by h-p on the grounds he could pass "trade secrets" from computer giant h-p to mega software company oracle.lawyers at hewlett wrote in the lawsuit "hurd's actions are a serious threat to hp's business". we'll have more on both companies stocks in chart talk. still to come if you want to save your home stop paying your second mortgage that's the advice from rebel cole on the best chance at getting a loan modification. but first how public universities are holding up amid the pressure of dwindling state budgets. it was more surreal than anything. you're under fire. you're getting blown up. there's definitely adrenaline. there was the explosion, and i remember just opening my eyes, and it got both of my legs. i had surgery after surgery, you know, i was on a lot of pain medicine. "what's going to happen next? and how long am i going to be here?" the wounded warrior project dropped off a backpack for me. and it had everything in there that i could possibly have needed at that time. peer vis
Sep 16, 2010 6:30pm PDT
business report," new york. >> tom a lot of buzz about oracle after the market closed today. the stock was up sharply. it looked like that could be the talk tomorrow as well. >> tom: yeah, there is a lot going on in technology. seems like we are kind of outside of earning season but a couple of biggies did report after the closing including oracle. let's get you updated in tonight's market focus. stocks marked time today with none of the ten biggest sectors making more than a 1% move up or down. information technology led the gainers. the nasdaq exchange traded fund eked out a small gain, but enough to push it to its highest close since may. oracle turned in its latest quarter after the close, easily beating estimates with strong software and hardware sales. profits were a nickel better than expectations, even beating the company's own guidance from june. software sales were up across the globe, and its hardware business benefited from the purchase of sun-microsystems. oracle's newly hired co- president, mark hurd-- the former c.e.o. of hewlett packard-- touted oracle's $4 billion research
Sep 5, 2010 6:00pm PDT
ph me -- hp may find a disk at oracle. >> leigh: a beautiful shot for you right now. clear skies, fog-free. we're going to get a little >> closed captioning brought to >> closed captioning brought to >> alan: u.s. troops came under fire today for the first time since their combat mission officially ended last week. the u.s. forces were helpy iraqi troops fight off a raid. a dozen people were killed when suicide bombers struck the come -- compound. insurgents have been ramping up attacks on racky -- iraqi forces. >>> on the heels o last friday's jobless figures, president obama plans to introduce a broader package of economic ideas this week. the president is traveling the country, making stops in west and ohio. we have this story. >> reporter: over the next week, president obama wants to show he is recommitted. >> i'll keep working day-by-day to restore opportunity, economic security, and that basic american dream for our families and future generations. >> reporter: after modest private sector job growth, the president hits the road, traveling to milwaukee on labor day, then a s
Sep 8, 2010 4:00pm PDT
goes higher. >> what about mark heard oracle h-p. >> i love larry ellis and he's got billion our children and he's so damn it himself. if he goes to oracle no secret and not delegate into a legal situation in the and i see him joining oracle and getting paid well. he chose to hardware and software companies of this is a brilliant over by larry ellison. when mark heard larry olson blasted there's who mark curtis a great ceo because wall street liked him and that's something a battle on wall street if they trust you and like you to put millions of dollars in view. oracle is moving higher and they started this move on the back of mark heard. >> will be right back. nouncer ] we know jerry brown was mayor of oakland, but what were the results? fact: brown promised to improve schools. but the drop out rate increased 50%, and the state had to take over the schools. fact: the city controller found employees paid for 22,000 hours... they never worked. fact: brown promised to cut crime. but murders doubled, making oakland the 4th most dangerous city in america. jerry brown. he just can't d
Sep 7, 2010 12:00pm PDT
to work for oracle. he received a huge severance package after a sexual harassment investigation. just yesterday it was announced that hurd will become oracle's co-president and board member. oracle's ceo larry ellison has been a strong defend your of hurd ever since the scandal erupted. oracle and hp are fierce competitors. the lawsuit is filed in california state court. >>> now, any bart rider is going to tell you riding the trains can be noisy to say the least. >> it's almost ear shattering. i have to wear ear plugs all the time. >> the "san francisco chronicle" surveyed all 208 miles of bart tracks with a sound level meter finding noise levels can reach 200 decibels at some point the equivalent of a jackhammer. >> when it comes to the final stop your ipod is up so loud it's blasting and can't hear what station you're at. so you miss it. >> you get pretty ridiculous in the tunnels that could just -- the whole screaming and screeching is pretty ridiculous. >> the loudest spot on bart is the transbay tube heading westbound. and the ride is nearly as loud eastbound between glen p
Sep 6, 2010 11:00pm PDT
hewlett-packard, mark hurd has a new job. oracle announced that hurd will be a president. oracle said in a statement today, he'll do even better at oracle. >>> new at 11:00, marijuana workers in oakland are teaming up with the teamsters. about 38 workers voted to ratify a two-year contract with local 70. nbc bay area cheryl herd is looking at this tonight. >> reporter: the workers we're talking about are about to get a raise. and this growing industry is starting to unionize. joe sayer suffers from chronic back pain. he says he uses medical marijuana occasionally. and he believes unionizing workers who manufacture the medicinal pot he needs for pain, is a way to protect workers. >> i'm really surprised that we had to fight this long, when we have industries like the tobacco industry really taking advantage of people, the economy. >> reporter: an economy that is looking for something to pull it out of the recession. margin investments, located in oakland, provides medical marijuana used by patients suffering from cancer, hiv and other life-threatening illnesses. the move to unionize its w
Sep 7, 2010 11:00pm PDT
. >>> hewlett-packard is suing mark hurd from taking a job at rival oracle. oracle hired hurd. but hp says he cannot do his job at oracle without hp's trade secret. hurd tried a confidentially agreement in a package that could top $40 million. but despite that agreement, they say the case is not a slam dunk for hp. >> california courts are reluctant to restrict employee mobility. i don't know if a group will agree with hp's assessment. >> meanwhile, oracle's ceo criticized hp and called the lawsuit vindictive. >>> more corporate news, it is believed to be the largest fine sought against a u.s. health insurer. state officials are seeking up to $9.9 billion in fines against pacific care. according to the los angeles times, regulators say pacific care mismanaged claims, lost thousands of patient documents and failed to pay doctors what they were owed. all told, regulators say pacific care, now part of united health group, violated state law one million times. they accused the health insurer of cutting costs at any means possible calling it, quote, a story of intense corporate greed. pacific c
Sep 7, 2010 9:00pm PDT
oracle compete with h p. >>reporter: the suit came an executive i don't know there would violent hurd separation agreement. the lawsuit says hurd will be in a situation in which he can not perform his duties for oracle without necessarily using and disclosing h p trade secrets and confidential information to others. chuck worked for h p for 30 years and wrote the book published last year called the h p phenomenon. he says oracle ceo lary ellofson knew he was picking a fight with h p and didn't care. >> i think larry knows full well what he is doing. there's no question that he knew this would ring the bell over at h p board and h p executive suite. >>reporter: late today oracle sounded offended calling the h p lawsuit vindictive and said the h p board its making it virtually impossible for oracle and h p to continue to cooperate and work together in the it marketplace. despite hurd signature on multiple confidentiality groou agreements legal analyst say this is not a slam dunk for h p. >> reluctant to restrict employability and not entirely mostly clear to me that the court will
Sep 7, 2010 6:00am PDT
hurd has a new job at oracle. ,,,, he een, what are you doing? just brewing up some dunkin' donuts coffee -- want some? [ whoosh! ] i'd love some. one taste, and you'll understand. delicious dunkin' donuts coffee. pick some up where you buy groceries. america runs on dunkin'. they had 30 people and an idea. meg's job was to make it happen. it took leadership. focus. and the ability to bring people together. meg whitman delivered. named one of america's best ceo's by harvard business review, she grew ebay 15,000 strong and made small business dreams come true. now meg has a plan to create jobs. fix sacramento. and deliver results. meg whitman. for a new california. you inhale, they inhale. millions of children continue to be exposed to secondhand smoke. secondhand smoke causes asthma, a disease that cannot be cured. protect your loved ones. but deadly on fleas. so ask your veterinarian for advantage, the flea specialist, for effective, but gentle flea control. [ male announcer ] act total care mouthwash rebuilds enamel and kills bad breath germs. [ woman ] to help avoid dental probl
Sep 18, 2010 12:30pm PDT
amazing when you consider what it might mean to lose something like an oracle open world and how that can impact the city's economy. the president and ceo of this san francisco the visitors center brings creative leadership to this industry. he took the helm in 2006, previously ran the portland, oregon visitors association. the bureau is one of the largest membership-based agencies in the country employing a staff of 80. under his leadership, san francisco passed the tourism and improvement district, which creates a sustainable funding model for tourism promotions and also for the future of the convention center. joe will tell us about future plans and why a convention center is so important to our economic vitality. please welcome joe alessandro. >> thank you, it is great to be here. these issues and project we are talking about are so important to this city, not only for its vitality but for quality of life, which is dependent on the future of the city. i want to talk about the state of where we are, talk about the current renovations going on. their error potential expansion s
Sep 8, 2010 11:30am PDT
with the american public. he said there should be a freeze on all tax rates. >> how much oracle is plning to pay its co-president mark hurd. the redwood city company plans to pay the former. p. ceo $950,000 a year just in salary. is ao eligible for bonus of $500 million in the fisca year. but the biggest part of the packagis the 10 million stock options oracle plans to giv them. hewlett-paard hopes to prevent him from taking the new job, worriethat he'll use the knowledge of the company's secrets to give oracl an unfair advantage. also said it would violate a confidentiality agreent he signed when he resigned. ellison called e suit vindictive >> the transportation commission meeting now to decide whether it should award state funds to pay for bart connect to oakland international airport. the half billion project is said to waste taxpayer money they believe improving the existing bus connector from the coliseum bus stati to the airpor is faster and less expensive. bart disagrees and says the tram project will make it much easier for travelers. >> today santa clara officials set to
Sep 8, 2010 11:00am PDT
on all tax rates. >> how much oracle is planning to pay its co-president mark hurd. the redwood city company plans to pay the former h. p. ceo $950,000 a year just in salary. is also eligible for bonus of $500 million in the fiscal year. but the biggest part of the package is the 10 million stock options oracle plans to give them. hewlett-packard hopes to prevent him from taking the new job, worried that he'll use the knowledge of the company's secrets to give oracle an unfair advantage. also said it would violate a confidentiality agreement he signed when he resigned. ellison called the suit vindictive. >> the transportation commission meeting now to decide whether it should award state funds to pay for a bart connect to oakland international airport. the half billion project is said to waste taxpayer money. they believe improving the existing bus connector from the coliseum bus station to the airport is faster and less expensive. bart disagrees and says the tram project will make it much easier for travelers. >> today santa clara officials set to take another big step to bring the
Sep 6, 2010 10:00pm PDT
right here on the cw. a new gig, at oracle. . >>> it's official. former hewlett packard ceo mark hurd has a new gig at oracle. he'll be the company's copresident and member of the board. he resigned from high pressure in the wake of a sexual harassment investigation. oracle ceo larry allison came to hurd's defense at the time. hurd will replace charles phillips whose resignation was announced today. >>> the president kicked off the fall campaign season by unveiling a new plan to put people to work building roads, railways, and runways. speaking to a crowd of movie members in milwaukee he pushed congress to get behind the six- year program. the initial $50 billion investment would be paid for by closing tax brakes for oil and gas production and multinational corporations. >> this many not only create jobs immediately, it's also going to make our economy hmm over the long hall. >> there isn't a lot that can be done to make a meaningful distance in the job market, not in the near time, 6 to 9 months. >> republicans were quick to criticize the plan. senator john boner accused washing
Sep 1, 2010 12:30pm PDT
quite a few weeks and months of careful consideration, the bmw/oracle team, which is based here in san francisco out of the golden gate yacht club, determined there's only going to be one candidate for the america's cup in the united states, and that would be san francisco. [applause] thank you. we are up against, we believe, three other locations. we are not quite sure who they are. they have not been named publicly, but we know that they are countries, so this is going to be a very interesting process. it is a somewhat informal process, as best we can tell, and i can assure you that the bmw/oracle team has committed a lot of resources to studying the opportunity to be here in the san francisco bay. for those of you who know racing well, america's cup is governed by a two-page deed of trust dating back to the 1830's, which says quite clearly that it will be erased in open waters without headlines, which makes you wonder how come san francisco is being considered, but the challenger, which is a club out of italy, has agreed to do a race that is not under the terms of the deed of trust
Sep 5, 2010 7:00pm PDT
may find a disk at oracle. >> leigh: a beautiful shot for you right now. clear ski, fog-free. we're going to get a little hotter. the seven-day forecast fiber one chewy bar. how'd you do that? do what? it tastes o good to be fiber. you made it taste like chocolate. itas 35% of your dailvalue of fiber. do it again. turn it into sometng tasty. this guy's doing magic. there's chocolate chips inere now. how'd you do that? right! sty fiber, that's a good one! ok, her mind. what's she thinking? that's right! i'm not thinking anything! [ male announcer ] fiber one chewy bars. cardboard no. delicious yes. >> alan: u.s. troops came under fire today for the first time sinc their combat mission officially ended last week. the u.s. forces were helpy iraqi troops fig off a raid. a dozen people were killed when suicide bombers struck the come -- compoun insurgents have been ramping up attacks on racky -- iraqi forces. >>> on the heels o last friday's jobless figures, president obama plans to introduce a broar package of economic ideas this week. the president is traveling the country, ma
Sep 20, 2010 5:00pm PDT
your loved ones. >> closed captioning brought to you by mancini sleepworld. >>> hp and oracle face a legal truth over mark herd former ceo. hired by rival oracle. herd spoke about his new job during the company's annual open world conference here in san francisco. hp sued oracle to keep herd from working there. today, herd didn't mention hn a speech. >> i'm also thrilled to be here. so... i'm really excited to be part of this and have been coming here for a while. i'm glad to be part of the team. >> thank you. >> and part of the settlement reached today two company as agreed herd would protect trade secrets while performing duties at ora cell. sit one of the san francisco biggest conventions with about 40,000 people attending last year, generating $100 million in revenue. >> and there are still a couple days of summer left. and now, it's the time to start thinking about your holiday travel plans fchl you wait, being be in for bad news. that is right. that and a lot more consumer news. >>> economy is changing everything. most of us wait about a month out before booking our travel. don
Sep 5, 2010 6:30pm PDT
oracle. oracle's >>> mark herd may not be out of work for long. publish reports say herd is in talks with oracle. larry ellison is a friend of herd's and has come to his defense. herd resigned after a hp marketing director accused him of sexual harassment. he denied the claims. >>> two an malls infected with west nile virus have turned up in san mateo county. a dead squirrel was found august 17th and a dead raven was picked up a week later. her working to determine the source of the virus and asking people who live in the area to call them if they find a dead animal. >>> a crucial piece of evidence is in the hands of investigators. it's called a blowout preventer. if it worked properly, the accident may never have happened. >>> reporter: at the scene of the largest offshore oil spill in the nation's history, federal agents took control of a key piece of equipment. the blowout preventer could provide answers to what went wrong on the deep water horizon. a methane gas bubble exploded on the rig. the blowout preventer did not prevent the blowout by sealing the pipe as it was supposed to
Sep 12, 2010 9:00am PDT
walk in and all of a sudden you see oracle with $100,000 sponsorship taking over the signage. and you have a startup in the back that wants to be seen that's not being seen. what demo is all about is having the startup or company launching the product to be front and center on the stage with the best production value that you can get. hooking up with av, switching cameras back and forth and their demo comes across well. we have a demo coach coaching them on how to speak. you didn't coach me how to speak before i came here. writing the script out. making sure that their marketing works. we have a social marketing team that helps them use twitter and facebook and other messages to get the word across. we have press help writing press releases for them. there is a real value there. if you have a microsoft or even adobe that come back and launches at demo. it's not just startups. they want the strong production values. if you were going to market with a product and you need to get market share, jeremy liew who was just on with playdom and asked why he didn't hold out longer, because he lo
Sep 19, 2010 11:00pm PDT
explanation. >> and a surprise speaker on the oracle program. >> and we have clear skies and a little patchy fog now developing near the coast. that will fill into the bay overnight tonight. what can you expect this what can you expect this our state is in a real mess. and i'm not going to give you any phony plans or snappy slogans that don't go anywhere. we have to make some tough decisions. we have to live within our means. we have got to take the power from the state capitol and move it down to the local level, closer to the people. and no new taxes, without voter approval. we have got to pull together not as republicans or as democrats but as californians first. at this stage in my life, i'm prepared to do exactly that. south of laredo, so hot, rattlesnakes combust. ♪ but we go, cause ya gotta eat bold. [ male announcer ] subway fiery footlong subs. the bold-acious new turkey jalapeño melt and buffalo chicken. subway. eat bold! >> closed captioning brought to >> closed captioning brought to >>> hurricane igor is breaking boats free as it swirls over bermuda. the category one st
Sep 6, 2010 6:00am PDT
have a new job wall street journal reporting mark herd is in talks with oracle, the ceo of oracle is a friend of herds and came to his defense in the wake of the scandal. ellison isn't going any where the top job is not available. while running hp he won praise for his cost cutting and acquisitions those could help herd and oracle known for aggressive deal making. >> people in richmond have alternatives for a casino : a group wants to build a casino hotel resort they say the development and ripple effects would create 17,000 jobs but critics say it would be bad for the area. richmond city planners asked the public to submit other ideas, among submissions a marijuana farm, college campus and nature center. >>> 6:07 a.m. a beautiful day ahead of us first a quick check on traffic. 880 at the coliseum in oakland, amariners will play, 12:35 p.m. today. >> giants -- >> they beat l.a. for a game or game and a half. >> game >> san diego one game away from san diego just reeling. so hey, giants got a shot. >> okay looking good there other shots? >> no. >> bay bridge, golden gate bridge lookin
Sep 7, 2010 6:00pm PDT
" business reporter scott budman first here and on the web has this for us. boy, has the oracle turned scott. >> reporter: it was a surprise when so quickly after hurd left hp former ceo mark hurd was hired on as president of oracle. now thanks it a lawsuit filed against hurd by hp the job may not be his, at least not right away, and it seems the two companies will not be so close from here on out. hp claims that hurd knows too much about hp's inner workings to go to work for a competitor like oracle. although the two companies have worked closely for more than two decades, recent purchases have made them competitors and it's common for executives like hurd to sign confidentiality agreements, especially when collecting by severance payments. as for the stock market, well, it seemed to like oracle's take. oracle shares up about 6% today in the midst of all this hp fell slightly. overall, banking concerns cutting the recent rally off at four straight days. losses of about 1% for each of the major indexes. as for the hp/oracle feud, neither oracle nor mark hurd would comment today. this t
Sep 8, 2010 6:00am PDT
oracle. >> also trading is underway on wall street. we'll have a live report from the new york stock exchange straight ahead. first up an early look at the big board. you see the dow is up more than 36 points. >> also the latest on developing news. the internal report just released that offers the best look yet who b.p. says is to blame for the massive gulf oil spill. >> it's news any new parent needs to hear. not that long ago, many families were priced out of an overheated housing market. but the times have changed. get the facts at it's a great place to see all the listings in thousands of cities and towns. with lots of houses to chose from and down-to-earth prices the dream of owning a home seems more attainable than ever. find out what an experienced re/max agent can do for you. nobody sells more real estate than re/max. visit today. ♪ >>> all right. time for your california forecast at 6:42. notice the clouds along the coast and drizzle from big sur, eureka 60. sacramento 74 with a stray shower. warm palm springs and 89. sierra, breezy in tahoe today and
Sep 7, 2010 6:00am PDT
jump starting >>oracle corp has hired mark hurd, the former chief executive of hewlett-packard co who resigned amid a hurd, a close friend of oracle ceo larry ellison will replace charles phillips, who has resigned. mr. hurd resigned from hp on august 6, after a probe into sexual harassment allegations. 613 right now we will be back with more of a couple of minutes. cool temperatures settle in today we start our cool down. a lot lot shot of san francisco clouds are back but we have sunshine as well. our real national pastime? saving money. and like baseball people love their stats. i started bringing my lunch to work -- 50 bucks a week in my pocket. here's a good one: state farm insures 40 million drivers. more than geico and progressive combined. i saved because i'm accident-free. of course, with so many ways to save including discounts of up to 40%, having that many customers shouldn't be a surprise. so ask a neighbor about state farm, then call an agent at 1-800-state-farm or go online. what are you doing, friending somebody? yeah. you got time for that? you got time to
Sep 17, 2010 6:00am PDT
establishes a $30 billion fund to spur small- business lending. after the bell oracle reported quarterly profit and sales be forecast as a result oracle rose 3% in after hours trading. >> shareholders of two airlines are voting on a deal to create the world's biggest airline. united and continental will were not results of that vote today. if shareholders approve the deal will close within the next two weeks. it will be called united and run by continental see all. >> taking a break jackie's this all has been given as a good shot of the bay bridge. is looking down on the upper deck shot of the bay bridge. is looking down on the upper deck traffic flowing in time meg whitman told a lie shot of the bay bridge. is looking down on the upper deck traffic flowing in her nose would grow? newspapers report the claims in this meg whitman ad are false. and she knows it. taxes went down under jerry brown. but whitman's nose keeps growing by the millions. with my citi thankyou points when it happened... [ glass breaks ] ...again. ♪ [ child ] run! [ man ] first it was the mailbox. then my squirrel.
Sep 8, 2010 6:00am PDT
permanently seal it now. >> oracle will pay $950,000 a year. the company said the ousted in h-p ceo is eligible for fiscal 2011 bonus of 5 million. hp is suing former chief executive mark hurd and has asked a court to block him from joining oracle, claiming his hiring by the rival technology, the world's named hurd co-president and cannot perform his duties for oracle without necessarily using and disclosing hp's trade secrets and confidential information to others. which agreement we will be back with more of a couple of minutes. if you're not ready for it you will be freezing. this morning be ready for also be ready to get wet. the james let a bit slick right now from heavy drizzle. we will be nouncer ] we know jerry brown was mayor of oakland, but what were the results? fact: brown promised to improve schools. but the drop out rate increased 50%, and the state had to take over the schools. fact: the city controller found employees paid for 22,000 hours... they never worked. fact: brown promised to cut crime. but murders doubled, making oakland the 4th most dangerous c
Sep 8, 2010 5:00pm PDT
of oracle. >>> and president obama said the two words americans want to hear when it comes to stimulus. >>> the filing with the securities and exchange commission receives how much mark hurd will get as president of oracle. hewlett-packard announced yesterday, it is suing to block oracle from hiring hurd. hp says hurd signed a confidentiality agreement that keeps had him from using trade secrets at or -- oracle. this could be a case that could be difficult to win. >>> tax cuts for the middle class and businesses. that's what president obama promised today. it's his hope that the move will stimulate the economy. but as craig boswell reports, republicans are skeptical. >> reporter: president obama says 200 billion in tax breaks for businesses will jump start hiring and represent revive the economy. >> i'm proposing a generous, permanent exenshun of the -- extension of the tax cuts that goes to companys that they do right here in ohio, right here in the united states of america! >> reporter: the president pitched the plan in cleveland against those spelled out by john boehner in
Sep 22, 2010 9:00pm PDT
going on apparently an oracle company party there. larry ellison knows how to celebrate when you can throw a big bash like that on treasure island that is impressive and there is san francisco in the background. under clear skies. a lovely evening. around the bay area looking at temperature readings generally in the 50s but we have low 60s in oakland, concord and antioch and san jose. those are the mild spots right now. these are the highlights. a cool and moon lit night, we know that already. warming trend begins tomorrow and continues vigorousry through the weekend into early next week. warmer friday through monday. this afternoon, as the satellite image shows, we had clear skies, all around the bay area. top to bottom across the state of california. but there is a little system moving generally in our direction. we will start the forecast animation at 11:00 and as the frontal system approaches it will weaken and start to fall apart but push some high clouds through the area tomorrow. even though a mainly sunny day and the sun filtered from time to time by high clouds and that will
Sep 8, 2010 6:36pm PDT
in the tech industry. >> tom: among oracle and s.a.p., do you think those are the key buyers? >> those, among others.
Sep 7, 2010 5:00pm PDT
co-owner of oracle. >> the question arising why didn't they get not get a noncompete agreement from mr. hurt that could have been enforced against mr. oracle as well as mr. hurd. >> reporter: hp is trying another tactic to keep hurd away from oracle for a few years. >> hp is certainly collect that mr. hurd carries in his head a lot of trade secrets. >> reporter: since oracle does and is increasing it's competition with hp and servers, storage systems and business software, hp calls that a conflict. >> maybe a case of trying to close the barn doors after the horse has gone. when the horse could have been bridled on the way out. >> reporter: the lawsuit and state court brings up the potential that embarrassing facts can come out what happened with hp between hurd and hp when hurd made his departure. >> that could cause issues that are not anticipated on both sides. >> reporter: hp released a statement saying it will enforce hurd's agreement to protect hp's trade secrets and confidential information. i'm tom vacar, ktvu channel 2 news. >>> u.s. senator barbara boxer was in south san fr
Sep 20, 2010 5:00pm PDT
a job at rival oracle. hp claimed that would reveal secrets to oracle. hp didn't reveal details of the settlement but said it's committed to continue its ongoing partnership with or cau kell -- oracle. >>> there is a six-day conference at the moscone center that's closed streets. >> we love hosting this in san francisco. they are so supportive of having oracle open. every time we grow, we are able too expand our footprint within the city. >> there's also a venue on treasure island for a musical event for wednesday headlined by the black-eyed peas, steve miller. >>> boy, those people were getting some great weather. the views were phenomenal? >> it really feels like fall out there. therethere is a lot of moisture leftover for the weekend. the sprinkles did occur, drizzle along the coast, actually some rain up in santa rosa. now we're changing around. let's go out in the pacific. i want to show you, the wide shot. look at the weather systems lined up out here. this is a very active pacific for what is essentially going to be -- be -- the fall ecoknocks starts in a few -- equinox star
Sep 20, 2010 5:00am PDT
employees and hopes to have a thousand by years end. >>> crowds around the masconi center. oracles conference is under way. they are anticipating record atten dense the first appearance by mark herd. oracle founder and dell ceo are also key note speakers. the conference runs through friday. >> just remember to avoid that area. >> gianna will tell us more about that later. >> one big big conference there. >>> 5:22 a.m. actor randy qaid and his wife in trouble again. >> why they were arrested inside a los angeles home. >>> plus how about this, politics the retired police detective trotting out his message through the central valley he's not the first police officer to come out in favor of ,,,,,, this is your captain speaking, we are fourteenth in line for take off. beep, beep, beep. looks like its bumper to bumper on the interstate. i gotta get to cleveland! should have skipped that second soda. remove your belt, your watch, your shoes. i wonder what gas costs today. seven dollars for a pillow! an extra bag costs what? i hate traffic! (train child) the train is now arriving. (announc
Sep 6, 2010 5:00am PDT
" reporting mark herd is in tox with oracle. larry ellison, the ceo of oracle is a friend of herd's and came to his defense in the wake of the scandal. ellison isn't going anywhere though so the top job at oracle is not available. labor day. elizabeth has the day off today. >> yeah. but they actually entrusted traffic to us on labor day. >> look at what we've we're dealing with. >> traffic conditions around the bay. >> there you go. >> wow. >> i don't think we can screw that up too much. >> there is a truck. >> it is leaving town. >> ok. >> bay bridge. [ laughter ] >> there is a car. >> oh, wait, there are a few more in there. >> somebody has to go to work just like us. >> san mateo, taillights. are headed over to the -- >> foster city. >> yeah. >> the peninsula. >> so, we didn't do too bad, did we? >> what was great this morning is i put my car on cruise control when i left the house. didn't take it off until we got here. nobody is out there. we should be taking it easy today. what a great day to do it today. you got clear skies all the way inland. check out the nice crescent moon over the
Sep 6, 2010 7:00pm PDT
procedures here. >>> the former ceo of hewlett- packard became the resident of oracle today. mark hurd will report to the ceo and oracle founder preheat was fired last month after a sexual harassment investigation pg has been one of his strongest defenders. >>> and the former ebay ceo meg whitman has received the endorsement of the california chamber of congress and led the president of the university of california to suspend his membership in the chancellor of the states committee college system to resign from the board. the two men say they are against the chamber getting involved in electoral policy. >>> labor day traditionally a day in which candidates step up their efforts to get elected and this is no different for the democratic nominee for governor. jerry brown stopped by a picnic in alameda and launched his first television advertisement today. his republican opponent meg whitman has been running advertisements since june and has spent more than $100 million of her own money paid in the state starting today voters will start to see more of both candidate's. >> they can start t
Sep 9, 2010 12:30am EDT
getting a pretty big pay day from his new employer, oracle. hurd's base salary will be $950,000 a year, according to a securities and exchange commission filing. he's also eligible for up to a $10 million bonus, plus stock options. that's on top of the severance package hurd got for leaving h.p., valued between $35 and $50 million. >> tom: still ahead, tech takeovers. our "street critique" guest mark watson expects buyouts to continue in the technology sector. coming up, he'll tell us what stocks he's buying. >> susie: b.p. today released its own findings about what went wrong on the deepwater horizon rig. the oil giant takes some responsibility for the deadly disaster, but says it was a chain of events involving multiple companies that led to the accident. b.p. began its investigation immediately after the explosion and released the results today in a 200-page report. stephanie dhue has more. >> reporter: today's report says the problem started with a bad cement job that caused dangerous gases to leak into the well undetected. crew members misread tests and thought the well was under
Sep 8, 2010 5:00am EDT
rose to an all-time high. among advancers, oracle was up almost 6% after hiring mark hurd, the former bought at hewlett packard. meanwhile, hp sued hurd asking a court to block him from working with oracle saying it puts hp's trade secrets in peril. >>> bristol meyers squibb says it will acquire zeimogenetics. boeing announced it's slimming down its military craft business and cutting workers as the u.s. tightens spending. job cuts will start with 10% of executives and more layoffs to come. >>> burger king is planning a major marketing blitz all with an eye of eating up some mcdonald's morning business. >>> finally, the word of the summer from merriam webster is not even a real word. that would be refeudate, refudiate. it led to more searches on the publisher's online dictionary than most real words. and that you can't refudiate. sorry, bad joke. >>> tiger makes the cut, venus marches on and it looks like reggie bush will lose the statue. >>> plus, closer trevor hoffman hit a nice, round number for his all-time saving record. running there? dancing there? flying there? how abou
Sep 20, 2010 7:00pm PDT
low. hewlett packard and oracle are making peace. late today the companies issued a joint statement saying they've resolved litigation surrounding oracle's hiring of ousted h.p. c.e.o. mark hurd. no word on any financial settlement, but the companies say they'll continue to work together. they've been business partners for two decades. >> tom: still ahead, remember esprit from the 1980s? the brand is back, and as tonight's "shoptalk" explains, its taking new aim at the u.s. market. >> susie: we have saved too little, taxed and spent too much, and failed to make progress on trade. so says glenn hubbard, a former key economic advisor to president george bush, and now dean of columbia university's graduate school of business. is there a way to get our economy back in shape? hubbard and co-author peter navarro offer a blueprint in a new book, "seeds of destruction." earlier today, i sat down with hubbard and asked him what's the most important first step. >> one, admit what our problems are. they're really long-term problems that have affected american incomes now for more than a decade
Sep 17, 2010 4:00pm PDT
assume that a stronger market than we assume. i can't it's not hot it's not sexy it's not fun. oracle is doing well, i love for golf. you have that full beard thing going on not quite sure what's going on looks like a cat can lick it off but the man knows how to buy from these tend bus companies. he is folded them into his business tech is still alive and well. he's done a pretty good job of it great quarter great earnings and nine year high for oracle it's good to see. >> intel took a hit though. >> people are going to best buy a and they're saying i need a laptop their choosing the i pad over the old notebooks. >> why because its head to? >> its ge.keptit's that >> wall street is pulling in tell back their polling microsoft back because the success of the i pad still in from the notebook market and that's for each b&l sullivan of box. i know napa shares to think about without dollars a share in the next 35 years because it a little fact is there: she. >> california jobless rate. >> is slightly better than california. 12 percent unemployment is not a pretty thing for the state of califo
Sep 12, 2010 2:30am EDT
mark herd. herd was fired by hp's board of directors. herd was then hired by oracle and now hp is suing herd and oracle, charging herd may reveal trade secrets in his new role. >>> encouraging news for america's economy this week. the trade deficit narrowed significantly in july. exports climbed to the highest point in two years. with summer behind us and midterm elections ahead of us, president obama hit the road this week to sell the administration's renewed focus on the economy. i spoke with treasury secretary timothy geithner about the plans the president announced this week to spur business innovation. >> i think they can make a very powerful impact. the first order of business is for congress to come and pass this set of very important tax breaks for small businesses. so they can start to hire people back again. once again, be the engine of job creation in this country. second thing, congress can extend the tax cuts that go to middle-class americans so they know today their taxes are not going to go up. those two things themselves are the most important things he can do righ
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